Kimberly Clark lowers outlook amid “changes in the global geopolitical landscape”

Huggies and Kleenex maker Kimberly Clark fell in early trading after it lowered its profit forecast for the year amid tariff uncertainty.

Kimberly-Clark said it expects its profits to be flat in 2025 after previously predicting high single-digit growth. The change reflects “a reassessment of its cost base, including potential impacts from changes in the global geopolitical landscape.”

The company reported earnings per share of $1.93, compared to the $1.86 analysts polled by FactSet were estimating. It also reported $4.8 billion in sales, roughly in line with what the Street expected.

“The current environment will now mean greater costs across our global supply chain versus our expectations at the beginning of the year,” CEO Mike Hsu said in a statement. “However, we remain confident in our ability to offset these costs over time and unlock our long-term potential.”

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Oil spikes, equity futures retreat as President Trump commits to hitting Iran “extremely hard” over the next two to three weeks

The ongoing war threatens to bring about an even more pronounced disruption to energy supplies, with negative ramifications for economic activity and financial markets.

President Trump Addresses The Nation On The Conflict In Iran

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Stocks continue to climb on hopes of an end to the war

Stocks rallied and oil fell as traders digested comments from President Trump.

Going

Stag?

Matt Phillips12h

Rani Molla14h

SpaceX reportedly files confidentially for IPO

SpaceX confidentially filed its draft IPO paperwork with the Securities and Exchange Commission, Bloomberg reports, citing people familiar with the matter, the next step toward what is expected to be a blockbuster summer listing.

Elon Musk’s satellite and rocket company could raise around $75 billion in an IPO that would value it at more than $1.75 trillion — both records — though the exact amounts won’t be settled until it goes public, likely in June.

Another notable thing about this IPO: the portion of shares committed to individual investors is expected to be much higher than in traditional IPOs — per Reuters, up to 30%, versus the typical 10% — a move that could broaden retail participation in one of the most anticipated public offerings ever.

SpaceX Has Filed Confidentially for IPO Ahead of AI Rivals

Elon Musk’s SpaceX to Combine with xAI Ahead of Mega IPO

Matt Phillips15h

Energy stocks tumble after massive March

Energy and chemical stocks tumbled early Wednesday on growing expectations that the US participation in the Iran war is nearing an end, and West Texas Intermediate crude oil futures slipped back below $100 a barrel.

LyondellBasell, APA Corporation, Dow, Inc., CF Industries, and Marathon Petroleum — the S&P 500’s top 5 gainers last month — all sank.

Natural gas drillers EOG Resources, Devon Energy, Coterra Energy, and Diamondback Energy dropped, as did integrated oil giants Exxon and Chevron. Fuel refiners and marketers such as Phillips 66 and Valero also fell.

Don’t shed too many tears for these energy giants; the S&P 500 energy sector rose 10% in March and 37% in Q1 2026.

The Energy Select Sector SPDR Fund is coming off its second-best quarter on record relative to the SPDR S&P 500 ETF, based on data going back to 1999.

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